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Newport Man Completes Naugles, Del Taco Purchase
[Orange County Edition]
Los Angeles Times (pre-1997 Fulltext) - Los Angeles, Calif.
Author: MARY ANN GALANTE
Date: Mar 30, 1988
Start Page: 5
Section: Business; 4; Financial Desk
Text Word Count: 290
 Abstract (Document Summary)

In an interview when the transaction was first announced, [Anwar Soliman] told The Times that he intended to "create one big company-a powerhouse . . . to go after the very growing segment" of Mexican fast-food. Soliman in February estimated 1987 combined sales of Naugles and Del Taco at $250 million-or almost half of the market share for the Mexican fast-food industry.

The 171 Naugles restaurants were purchased from Los Angeles-based Collins Foods International. The Naugles subsidiary, based in Orange, has outlets in California, Utah, Nevada and Missouri.

Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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